HDFC Life Insurance Q4 Results: PAT Soars 16% To Rs 477 Cr, Board Okays Dividend of Rs 2.10; Record Date On?

The financial results for the quarter and year ending March 31, 2025, were released by HDFC Life Insurance Company on Thursday. For the fourth quarter of FY25, the company posted a net profit of Rs 477 crore, rising 16 percent from Rs 412 crore during the same period last year. The insurer's net premium income increased by 16 percent to Rs 23,766 crore from Rs 20,488 crore in the same quarter last year. In comparison to Q4FY24, when its value of new business (VNB) was Rs 1,234 crore, it increased by 11.5 percent to Rs 1,376 crore in Q4FY25.

As of March 31, 2025, HDFC Life's assets under management (AUM) were Rs 3,36,282 crore, representing a 15% rise from the previous year. According to the business filing, the company's total market share (individual WRP) increased by 70 basis points to 11.1% for the 11MFY25 period. For the entire fiscal year, profit after tax (PAT) was Rs 1,802 crore, representing an improvement of 15% over the previous year.

The Board of Directors "Recommended final dividend of Rs 2.10 per equity share of face value of Rs 10 each for the financial year 2024-25, subject to approval of the shareholders' at the ensuing Annual General Meeting of the Company. Record date for the purpose of ascertaining the entitlement of the shareholders' for the final dividend shall be Friday, June 20, 2025. The payment of final dividend will be made on or after July 21, 2025, subject to deduction of tax at source at applicable rate," said HDFC Life Insurance Company in a regulatory filing.

The GST Adjudicating Authority sent directives to the company for the fiscal year that concluded on March 31, 2025, affirming the tax demand of Rs 1,04,133.7 lakh plus a 100% penalty and interest as appropriate. In these cases, the company had protested to the GST Authority and deposited Rs 25,600 lakh. The company is currently fighting the points stated in the decisions by filing appeals with the GST Appellate Authority.

In accordance with the IRDAI, the company issued Rs 1,00,000 lakh in unsecured, rated, listed, subordinated, redeemable, fully-paid, noncumulative, nonconvertible debentures (NCDs) in the form of "Subordinated Debt" during the quarter that ended March 31, 2025, with a fixed coupon rate of 8.10% annually. The aforementioned NCDs were allocated on February 14, 2025, and can be redeemed at the conclusion of ten years from the date of allocation.

On the recommendation of the Nomination & Remuneration Committee, the Board of Directors approved the appointment of Mr. Vineet Arora as Additional Whole-time Director (designated as Executive Director and Chief Business Officer) on May 01, 2025, for a term of three (3) years, at their meeting today, April 17, 2025.

On Thursday, the shares of HDFC Life ended 0.41% higher on the NSE at Rs 719 per share with a market cap of Rs 1,54,799.85 Cr on NSE.